Tag: climb
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Card debt climbs to record $1.13 trillion
Understanding the Growing Card Debt Crisis The United States is currently facing a significant financial challenge as the country’s card debt has soared to a record $1.13 trillion, surpassing all previously recorded levels. The steady and concerning increase in credit card debt is raising alarms among economists and policymakers alike, as it poses severe risks…
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Authorized payment scams climb in US
Authorized Payment Scams Climb in US With the rapid growth of online banking and digital payment platforms, authorized payment scams have become a concerning issue in the United States. These scams involve authorized transactions initiated by victims themselves, unbeknownst to them, resulting in significant financial losses. The rise of these scams has been fueled by…